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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Medical Office Space
2178 900th E, Salt Lake City, UT 84106-2388
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US86-0305304
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Construction
WOOD FRAME
Total area
8,816 SF
Lot
0.44 ac (19,166 SF)
Zoning code
CB
APN
16-20-131-033
UPID
US86-0305304
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Sugar House Vision Clinic Medical Clinic
-
Suekawa Todd S DDS Dental Office
-
Dylan Grimaud LMT, LLC Alternative Medicine Practice Spa & Massage Center
-
Intermountain Managed Eyecare Physician
-
Keiser Jennifer OD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$928k
Blend (final)
Blend
$1.08M
Owner & transaction history
Sugarhouse Vision Clinic · 4 yrs held
Sugarhouse Vision Clinic
since 2021
6 recorded transactions
Zoning & alternative use
CB · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salt Lake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salt Lake City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,165,000
Current use
RESTAURANT
$1,130,000
Change: -3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$960,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$123 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$14,647
Tax year 2022
Assessed value
$1,390,100
Assessed 2023
Previous assessed
$1,390,100
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$722,700
Assessed improvement
$667,400
Land market value
$722,700
Improvement market value
$667,400
Total market value
$1,390,100
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1984
Construction
WOOD FRAME
Heating
FORCED AIR
Buildings
2
Stories
1
Units
4
Total area
8,816 SF
Lot
0.44 ac (19,166 SF)
Zoning code
CB
APN
16-20-131-033
UPID
US86-0305304
Jurisdiction
SALT LAKE
Zoning & alternative use
CB · Salt Lake City, UT
Zoning CB · permitted uses
CB · Salt Lake City, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salt Lake City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$960,000
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Buildings
2
Units
4
Lot
0.44 ac
Current owner
From public records · entity-resolved
Sugarhouse Vision Clinic
Individual
Mailing address
2178 S 900TH E, SALT LAKE CITY, UT 84106-2388
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
—
Sugarhouse Vision Clinic
Sugarhouse Business Properties LLP
Lease
$523,000 · Utah Certified Development Company
Dec 10, 2021
—
Sugarhouse Business Properties LLP
Tr4 Enterprises Lc
Warranty Deed
$127,755 · Brighton Bank
Jun 16, 2020
—
Tr4 Enterprises Lc
—
Deed
related
$269,000 · Brighton Bank
Dec 11, 2014
—
Tr4 Ents Lc
Kimball,todd
Grant Deed
related
—
Dec 22, 2010
—
Todd Kimball
Wayne Kimball Family Limited Partne
Warranty Deed
$474,000 · Wells Fargo Bank NA
—
—
Kimball,todd
—
Deed Of Trust
related
$408,000 · Wells Fargo Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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